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Countercyclical Macroeconomic Policy: Monetary and Fiscal Policy

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Monetary vs Fiscal Policy

Goals of Monetary Policy

The Demand for Money

Monetary Policy and Aggregate Demand

Expansionary and Contractionary Monetary Policy

Introduction to Fiscal Policy

Expansionary and Contractionary Fiscal Policy

Government Purchases and the Multiplier Effect

Taxes, the Multiplier Effect, and Automatic Stabilizers

Long Run Aggregate Supply

Criticisms of Fiscal Policy